First thing you wish you had done when starting a new business

32 replies
Hi all,

Wanting to ask all the business owners, what it the first thing you wish you did, when starting your business?

Thanks,

J
#business #starting #thing
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  • Profile picture of the author stormborn1
    hi,i wish i had enough money for starting a business
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  • Profile picture of the author Jason Kanigan
    I've helped many, many people with their startups and here's what the #1 problem they have is:

    NO SALES PLAN.

    They have poor branding clarity, unclear expectations on what they're going to have to do to succeed, and spend their time playing around on stupid stuff like their website colors.

    That is NOT what makes you money.

    Getting conversations with people you can help is what makes you money.

    Without a sales plan, these poor folks don't have a revenue target...they don't know how many people they need to connect with...and they don't know what activities they need to focus on.

    Trying to "make as much money as possible" will keep you broke.

    You need to know where the goalposts are.

    Most don't.
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    • Profile picture of the author todom1695
      Ohh, I love this: "trying to make as much money as possible will keep you broke." SO TRUE.
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    • Profile picture of the author teddyjames
      Originally Posted by Jason Kanigan View Post

      I've helped many, many people with their startups and here's what the #1 problem they have is:

      NO SALES PLAN.

      They have poor branding clarity, unclear expectations on what they're going to have to do to succeed, and spend their time playing around on stupid stuff like their website colors.

      That is NOT what makes you money.

      Getting conversations with people you can help is what makes you money.

      Without a sales plan, these poor folks don't have a revenue target...they don't know how many people they need to connect with...and they don't know what activities they need to focus on.


      Trying to "make as much money as possible" will keep you broke.

      You need to know where the goalposts are.

      Most don't.
      By any chance do you have an outline? Or where I could find one?
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    • Profile picture of the author ctpalmer2
      Love this.
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  • I wish a had an internet marketing mentor when I started out in internet marketing.

    I wasted a lot of time, money and energy, investing in quite a bit of useless Internet marketing courses. Until one day I invested in an internet marketing mentorship program

    I immersed myself in the Internet marketing materials, in the mentorship program everyday for five years. In the first two weeks into the Internet marketing mentorship program, I was able to create my first set of information products to launch with bonuses, and set up my own online sales funnels.

    Having a mentor shortens your learning curve and speeds up the income generation process in your internet marketing business.
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  • Profile picture of the author Chiedo
    I wish I started with WHY.

    When I started, I was all about the service I was providing. Not why I was providing it.
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  • Profile picture of the author mike@
    You need to have a clear goal and expectations. Make sure that you have everything on paper first (business plan, marketing plan, sales plan and so on).
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  • Profile picture of the author ChrisBa
    Originally Posted by Jarrad Goulding View Post

    Hi all,

    Wanting to ask all the business owners, what it the first thing you wish you did, when starting your business?

    Thanks,

    J
    I think for me, a better long term plan. At first I focused too much on short term.
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  • Profile picture of the author Judey
    I wish I had just reversed -engineered a business model that's working rather than figure it out myself.
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  • Profile picture of the author cearionmarie
    Before I had success with business, I've had a lot of losses and failed businesses. The reason for that was because there was no detailed plan of what to do after each process. Also I invested in business with very little knowledge. So it's two things:
    1. Business plan
    2. Invest in knowledge and learning
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    • Profile picture of the author todom1695
      I'd love to know in which places you invested. What did you do to learn more about your business endeavors?
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  • I wish I had participated in Facebook groups of successful entrepreurs so that I would learn from them and start right away on the right track.
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  • Profile picture of the author mslisalisa
    I wish had stuck to one type of service and not try to be everything to everyone. I also should not compare myself to others and focus on where my strengths which is setting up and branding wordpress websites and social media accounts for small businesses. I don't need to be a social media manager, a copywriter, SEO specialist, etc. If client needs those extras I could simply find the people to help me and not kill myself trying to learn everything under the sun within online marketing. Although, I am proud of myself for at least attempting to learn many digital marketing strategies and being able to speak confidently on the topic.
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  • Profile picture of the author Jane Dizon
    I am going to setup a small internet marketing company and the responses here will help me a lot. One thing that I am doing is that I am in no hurry, I want to plan everything before starting out.
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  • Profile picture of the author Jack Smith09
    Hi J,

    First thing what I did
    - What kind of niche you want to focus on
    - sales funnel
    - drive traffic to your website
    - build a list
    - close sale

    Here is the path that I did, PM me if you want to know more information about this
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  • Profile picture of the author LovingLife2
    Originally Posted by Jarrad Goulding View Post

    Hi all,

    Wanting to ask all the business owners, what it the first thing you wish you did, when starting your business?

    Thanks,

    J
    Wish I started with more money in savings. When you're first starting out you've gotta have some back up funds to pay living expenses.
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  • Profile picture of the author Todd Morgan
    Not getting a mentor and focusing on one product instead of learning how to adopt the mindset of a marketer. Think like a marketer and you can sell any product or service.
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    For marketing tips and strategies especially for newbies, visit my blog at http://www.empowered.online/

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  • Profile picture of the author Adelsten
    Originally Posted by Jarrad Goulding View Post

    Hi all,

    Wanting to ask all the business owners, what it the first thing you wish you did, when starting your business?

    Thanks,

    J
    I started organic cosmetics company several years ago and it was a hard way for me with it. In my case I mean the things which I wish I made in the other way, some mistakes made my companie's development much harder and sometimes I even wanted to refuse from my work at all My main mistakes were underestimation of the level of competition in my sphere, sadly for me during that time this idea hasn't been yet so fresh and unpopular, that's why the general developing took much more time than I planned. Also I really needed to pay more attention on my management system, especially CRM https://idapgroup.com/blog/how-crm-s...tomer-service/ for more effective development of my customers network. And advertising, don't be greedy for investing much money in it, in my case it was a great mistake too, especially for the online type.Hope that this will be helpful for others with their startups!
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  • Profile picture of the author IGotMine
    Outsourced more menial tasks.

    Maybe if I had I wouldn't have wicked Carpel Tunnel Syndrome.
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  • Profile picture of the author DimitrovDaniel
    I wish I surrounded myself with the right people from the very beginning.
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  • Profile picture of the author ChrisBa
    Originally Posted by Jarrad Goulding View Post

    Hi all,

    Wanting to ask all the business owners, what it the first thing you wish you did, when starting your business?

    Thanks,

    J
    Bought a domain and hosting and create a website to make my business look legit
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  • Profile picture of the author JoeBrainHive
    The most practical initial step is going to be finding out if a market exists for what it is you are trying to do. A great idea is only as good as the customers that will support it. *For every business as small as it may be, having a professional business plan is a great idea.
    These are the reasons why having a good, solid business plan from the outset is very important, and then revisiting that business plan regularly will keep you on track and remind you of why you started this venture to begin with.

    Once all aspects of your business plan are in place, and you are very familiar with every detail, you are going to be very prepared. Also, a plan serves to keep you on track as your business goes through cycles that every business does. It will be the reference point for you every day outlining why you started this venture, and it will help you build your dream.

    Business Planning made easy. BrainHive Consulting.
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  • Profile picture of the author DavidGinchansky
    According to my point of view money is not the big matter for start any business,firstly we must have good plan for start a business .you have to follow some step before startups;_
    1. Don't Go Into Debt.
    2.Find Mentors:-You think you know what you're doing, but you don't. You're a young punk. You don't have a clue. Find someone who has done it before and buy them lunch.
    sometimes we are well confident that we are know everything about our business but experienced person always first preference as compare to the freshers.
    so, we have to take advice from mentors,who are already do this things before.
    3.Don't Work Weekends:-
    Overtime is somewhat good thing,but i want to suggest to work smartly instead of hardworking. When we are working upto so many hours it also become the part of bouring life.
    so, have to divide time in each bundle .Give time for family,business,enjoy with freinds etc.
    4.Get Organized:-
    Get organized until nothing ever falls through the cracks. Make your organization scheme a habit that serves you
    5.Meditate:-
    Stop. Remove yourself from all distractions. Relax. Think. Or don't think. Then think. Do it every day. At least 15 minutes per day. If you don't have 15 minutes a day for meditation then do it for an hour a day.6.Take Time On Important Decisions.
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  • Profile picture of the author sana11
    I like this question!!! Not trying to learn everything there is that is in the internet marketing world, a lot better time management and consistency....
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  • Profile picture of the author Dave d
    Time. That's the biggest mistake I made in the first years of IM. The best thing to do is to plan and take time to work on something until it works. In the beginning I went from method to method all over the place. Always latching on to the next biggest trend.

    After 2 or 3 years chasing your tail with no results, you then start to think, if I had of just stuck to building my list or building traffic for my site how far would I have been now.

    You will hear so many people on the forum saying things like, "I don't want to xyz because it takes too much time" when in reality, they are likely to be still trying to figure it all out 5 years later.

    Spending 6 months to year may not seem fun or sexy generating traffic or working on a list, when you see so many stories over and over again about how people are killing it with e-com or whatever the latest fad is, but trust me, after 2 years when you have achieved nothing it will seem like time very well spent.
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  • I wish I have done thorough research on the feasibility of the business. A wrong decision will waste time and money.
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  • Profile picture of the author salsym
    Originally Posted by Jarrad Goulding View Post

    Hi all,

    Wanting to ask all the business owners, what it the first thing you wish you did, when starting your business?

    Thanks,

    J
    I learnt a few things a bit too late. I wish I had learnt email marketing in the beginning itself. Lost a lot because of starting it too late.
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